First Quarter Report for Albuquerque Real Estate

Quarterlymarket

R E P O R T1stQTR2013

www.gaar.com

Julie Greenwood, 2013 GAAR President Phone 505-220-9700 Email [email protected]

Contact

Quarterly HighlightsThe median sale price for single-family detached homes was $168,000, increasing

5.0 % from 1st Quarter 2012.

Single-family detached home sales increased 12.65% from 1st Quarter 2012.

Average Sale $Detached: $197,499Attached: $137,904

1st QTR 2012Detached: $192,633Attached: $137,289

% Change (Detached) +2.53%

Closed SalesDetached: 1,736 Attached: 170

1st QTR 2012Detached: 1,541Attached: 140


New ListingsDetached: 3,730Attached: 364

1st QTR 2012Detached: 3,270Attached: 388


1st QTR 2013 & 2012 RECAP for Greater Albuquerque Areas

SOURCE: Greater Albuquerque Association of REALTORS® - based on data from the the Southwest Multiple Listing Service. Data is deemed reliable not guaranteed.

Class R1 2013 2012 % of Change

Average Sale Price: $197,499 $192,633 2.53%

Median Sale Price: $168,000 $160,000 5.00%

Total Sold & Closed: 1,736 1,541 12.65%

Total Dollar Volume*: $342.9 $296.8 15.53%

New Listings: 3,730 3,270 14.07%

Days on Market: 74 85 -12.94%



Median Sale Price: $126,500 $128,750 -1.75%

Total Sold & Closed: 170 140 21.43%


New Listings: 364 388 -6.19%


Class R1 (Existing Single-Family Detached) & Class R2 (Existing Condo/Townhome Attached)

2

The numbers above reflect the time period between January 1 and March 31 of 2012 and 2013.

$205,487

$192,633 $197,499

$180,000

$185,000

$190,000

$195,000

$200,000

$205,000

$210,000

$215,000

1st QTR 2011 1st QTR 2012 1st QTR 2013

Average Sale Price for single-family detached homes


1st QTR 2013 & 2012 RECAP for Albuquerque (Areas 10-121)

3

1st QTR 2013 & 2012 RECAP for Rio Rancho (Areas 140-162)




Total Sold & Closed: 1,153 1,060 8.77%


New Listings: 2,337 2,135 9.46%



Average Sale Price: $141,726 $143,725 -1.39%




New Listings: 319 299 6.69%







New Listings: 699 552 26.63%










1st QTR 2013 & 2012 RECAP for East Mountains (Areas 210-293)

4

1st QTR 2013 & 2012 RECAP for Valencia County (Areas 690-760)

The numbers above reflect the time period between January 1 and March 31 of 2012 and 2013.


Average Sale Price: $226,385 $238,455 -5.06%





Days on Market: 118 113 4.42%






New Listings: 298 216 37.96%



1st QTR 2013 Area Summary for single-family home sales

5

SalesChange from 1st

QTR 2012

Average Sale Price

Change from 1st

QTR 2012

Median Sale Price

Change from 1st

QTR 201210 Sandia Heights 11 10.00% $360,045 -31.65% $304,000 -34.27%20 North Albuq. Acres 20 -9.09% $512,575 9.09% $498,000 10.67%21 Albuq. Acres West 42 13.51% $315,037 -1.80% $274,000 -8.67%30 Far NE Heights 85 19.72% $273,178 -0.95% $248,000 -7.81%31 Foothills North 13 44.44% $578,192 -3.02% $385,000 -25.96%32 Academy West 27 -20.59% $189,230 -1.34% $172,000 -2.27%40 UNM 45 55.17% $246,037 -0.91% $195,000 -13.72%41 Uptown 48 -11.11% $156,600 -0.75% $148,896 -0.27%42 UNM South 35 34.62% $192,851 -6.88% $190,000 1.06%50 NE Heights 117 7.34% $151,967 4.69% $150,000 5.26%51 Foothills South 33 -5.71% $258,761 -7.02% $240,000 -9.43%60 Four Hills 13 0.00% $307,631 26.11% $270,000 8.87%70 Fairgrounds 23 64.29% $116,531 -4.42% $114,000 -10.24%71 Southeast Heights 33 -10.81% $200,935 12.09% $197,600 2.57%72 Mesa Del Sol 3 N/A $259,742 N/A $282,030 N/A80 Downtown 31 34.78% $190,787 12.98% $149,000 17.32%90 Near South Valley 28 3.70% $84,194 -12.67% $68,725 -19.05%91 Valley Farms 17 -10.53% $164,065 16.59% $135,900 29.43%92 Southwest Heights 137 -0.72% $103,304 -6.19% $101,800 -3.05%93 Pajarito 3 0.00% $148,833 27.94% $143,000 13.49%100 North Valley 26 -3.70% $358,958 51.81% $216,000 16.76%101 Near North Valley 38 26.67% $247,187 11.00% $186,500 13.03%102 Far North Valley 1 -75.00% $105,000 -66.82% $105,000 -63.48%103 West River Valley 4 33.33% $242,750 -52.24% $217,000 -29.98%110 Northwest Heights 99 45.59% $198,789 0.28% $189,000 4.06%111 Ladera Heights 81 -2.41% $142,640 3.69% $145,000 9.02%112 Canoncito 0 N/A N/A N/A N/A N/A120 Paradise West 82 9.33% $142,640 -10.52% $145,000 -6.38%121 Paradise East 58 -1.69% $204,075 9.29% $197,250 9.64%130 Corrales 21 31.25% $423,688 7.75% $410,000 12.56%140 Rio Rancho South 48 23.08% $211,615 5.02% $192,750 4.72%141 Rio Rancho Southwest 2 100.00% $127,500 -30.15% $127,500 -30.15%150 Rio Rancho Mid 105 20.69% $163,144 3.00% $145,000 3.65%151 Rio Rancho Mid-North 49 40.00% $240,978 9.29% $215,000 17.90%152 Rio Rancho Mid-West 11 1000.00% $92,631 15.95% $92,100 15.28%160 Rio Rancho North 41 20.59% $196,537 -9.74% $178,000 -11.66%161 Rio Rancho Central 75 38.89% $136,725 1.55% $140,000 2.23%162 Rio Rancho Northwest 0 N/A N/A N/A N/A N/A170 Bernalillo/Algodones 14 -44.00% $234,963 7.53% $216,500 3.10%180 Placitas 16 -5.88% $352,259 -3.70% $347,500 -0.71%

210-290 East Mountain Area 85 37.10% $226,385 -5.06% $208,675 -6.40%690-760 Valencia County 116 6.42% $136,321 6.38% $123,950 2.12%

51 Sales: 33 Avg: $258,761 Med: $240,000

71 Sales: 33 Avg: $200,935 Med: $197,600

50 Sales: 117 Avg: $151,967 Med: $150,000

70 Sales: 23 Avg: $116,531 Med: $114,000

40 Sales: 45 Avg: $246,037 Med: $195,000

41 Sales: 48 Avg: $156,600 Med: $148,896

32 Sales: 27 Avg: $189,230 Med: $172,000

31 Sales: 13 Avg: $578,192 Med: $385,000

10 Sales: 11 Avg: $360,045 Med: $304,000

93 Sales: 3 Avg: $148,833 Med: $143,000

91 Sales: 17 Avg: $164,065 Med: $135,900

92 Sales: 137 Avg: $103,304 Med: $101,800

90 Sales: 28 Avg: $84,194 Med: $68,725

80 Sales:31 Avg: $190,787 Med: $149,000

60 Sales: 13 Avg: $307,631 Med: $270,000

103 Sales: 4 Avg: $242,750 Med: $217,000

101 Sales: 38 Avg: $247,187 Med: $186,500

111 Sales: 81 Avg: $142,640 Med: $145,000

130 Sales: 21 Avg: $423,688 Med:$410,000

30 Sales: 85 Avg: $273,178 Med:$248,000

21 Sales: 42 Avg: $315,037 Med: $274,000

20 Sales: 20 Avg: $512,575 Med: $498,000

100 Sales: 26 Avg: $358,958 Med: $216,000

102 Sales: 1 Avg: $105,000 Med: $105,000

121 Sales: 58 Avg: $204,075 Med: $197,250

120 Sales: 82 Avg: $167,414 Med: $165,000

42 Sales: 35 Avg: $192,851 Med:$190,000

110 Sales: 99 Avg: $198,789 Med: $189,000

112 Sales: 0 Avg: N/A Med: N/A

2013 1st QTR Sales

72 Sales: 3 Avg: $259,742 Med: $282,030

162

Sales: 0

Avg: N/A

Med: N/A

161

Sales: 75

Avg: $136,725

Med:$140,000

160

Sales: 41

Avg: $196,537

Med:$178,000

170

Sales: 14

Avg: $234,963

Med: $216,500

180

Sales:16

Avg: $352,259

Med:$347,500

151 Sales: 49

Avg: $240,978

Med:$215,000 152

Sales: 11

Avg: $92,631

Med:$92,100

150 Sales: 105

Avg: $163,144

Med:$145,000

141 Sales: 2

Avg: $127,500

Med: $127,500

140 Sales: 48

Avg: $211,615

Med:$192,750

2013 1st QTR Sales

271 Sales: 2 Avg: $253,838 Med:$253,838


230 Sales: 8 Avg: $199,063 Med:$192,500

220 Sales: 19 Avg: $283,877 Med:$275,000

210 Sales: 1 Avg: $453,000 Med:$453,000 291

Sales: 4 Avg: $59,920 Med:$56,250

290 Sales: 2 Avg: $105,900 Med: $105,900

250 Sales: 13 Avg: $233,431 Med:$210,000

240 Sales: 19 Avg: $265,679 Med:$230,000

292 Sales: 1 Avg: $157,500 Med: $157,500

231 Sales: 0 Avg: N/A Med: NA

260 Sales: 11 Avg: $147,218 Med:$129,900

280 Sales: 2

Avg: $135,000 Med: $135,000

270 Sales:3

Avg: $238,333 Med: $265,000

2013 1st QTR Sales

701 Sales: 15 Avg: $141,727 Med:$160,000


700 Sales: 27 Avg: $157,400 Med:$185,500

720 Sales: 2 Avg: $36,250 Med: $36,250

740 Sales: 2 Avg: $113,750 Med:$113,750

711 Sales: 8 Avg: $199,113 Med:$207,500

710 Sales: 10 Avg: $243,680 Med:$229,000

730 Sales: 2 Avg: $94,500 Med:$94,500

750 Sales: 2 Avg: $186,500 Med: $186,500

721 Sales: 15 Avg: $98,897 Med:$95,000

742 Sales: 3 Avg: $42,734 Med: $43,000

760 Sales: 17 Avg: $111,004 Med:$117,000

741 Sales: 13 Avg: $80,546 Med: $57,750

2013 1st QTR Sales

First Quarter Report for Albuquerque Real Estate

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